When you invest in a startup through Crowdcube, your shares in that startup are usually held by a nominee. This means Crowdcube will hold and manage your participation, but you will receive all the benefits of being a shareholder. Therefore, you will still retaincontrol by voting on key decisions, participating in investment rounds, or being informed of important company decisions. We recommend that you learn about Crowdcube’s nominee operation through the following link:
https://help.crowdcube.com/hc/en-us/articles/4979663966108–What-is-a-nominee-

In this GoodNews crowdfunding you are investing in a convertible note. A convertible note is an investment in shares of a company that will be issued at a future date. The shares will be issued after a defined period of time after you make your investment. See pitch (GoodNews page on Crowdcube) for the conditions of the convertible note.

Companies often raise financing through a convertible note as part of a broader financing strategy. A convertible note allows a company to raise funds without setting a valuation, and in turn allows the investor to benefit from a discount on the valuation that is subsequently set. In a convertible note, the valuation at which you invest is fixed at the next investment round, or at an agreed valuation. See terms and conditions of the convertible note in the pitch (GoodNews page on Crowdcube).

The convertible note will convert into units upon the first of the following events: 12 months after the completion of your investment, or the Series B round of GoodNews closes.

The terms and conditions of the convertible note are available in PDF format in the pitch (GoodNews profile on Crowdcube).